COUSINS PROPERTIES INC CUZ Income Statement

Cousins properties inc (CUZ)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Third party management and leasing revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Land sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,040	1,191	0	0	0
Multi-family residential unit sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Revenues
718,680	657,515	585,752	516,135	490,743	475,212	466,648	461,101	463,508	466,185	466,364	401,878	331,148	259,211	61,264	110,737	160,335	204,369	210,260	201,212	187,814	177,561	334,850	296,186	254,202	210,741	161,629	150,481	140,456	136,846	107,580	99,837	107,290	118,125	167,021	188,090	0	0	0
Expenses:
Rental property operating expenses
243,197	222,146	198,015	173,948	167,974	164,678	162,668	161,777	162,547	163,882	165,171	142,605	120,630	96,908	17,325	40,534	62,395	82,545	88,134	85,488	80,060	76,963	144,888	128,238	110,147	90,498	66,748	58,659	53,312	50,329	41,776	39,605	40,156	40,817	51,883	55,354	0	0	0
Reimbursed Expenses
3,593	4,004	4,294	3,959	3,772	3,782	3,617	3,557	3,604	3,527	3,463	3,363	3,254	3,259	3,379	3,270	3,189	3,430	3,463	3,560	3,831	3,652	3,552	3,866	4,237	5,215	7,462	7,600	7,598	7,063	5,426	6,057	6,071	6,208	6,141	5,673	0	0	0
Third party management and leasing expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Land cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	852	969	0	0	0
Other General and Administrative Expense
31,199	37,007	28,933	26,994	26,691	22,040	24,323	27,603	28,150	27,523	30,283	27,458	23,531	25,592	21,713	20,321	21,566	16,918	15,903	17,948	17,768	19,784	21,591	23,205	22,001	22,460	21,797	21,561	22,653	23,208	25,006	22,902	23,391	24,166	24,000	26,468	0	0	0
Interest Expense, Debt
59,047	53,963	47,966	42,817	40,472	39,430	36,716	34,752	33,561	33,524	35,939	34,106	30,952	26,650	16,078	17,997	20,497	22,735	23,248	22,392	21,493	20,983	28,338	26,670	23,941	21,709	20,322	20,966	22,600	23,933	23,110	23,918	25,401	26,677	30,205	33,890	0	0	0
Multi-family residential unit cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96,818	4,094	0	0	-	0
Depreciation, Depletion and Amortization
282,902	257,149	224,323	187,379	182,150	181,382	180,035	182,589	186,954	196,745	200,690	169,690	136,291	97,948	17,865	33,781	52,019	71,625	63,843	64,009	64,265	62,258	133,571	119,378	99,171	76,277	53,269	45,300	40,155	39,424	29,778	27,955	29,068	30,666	44,843	50,355	0	0	0
Separation expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,639	1,693	1,772	1,985	870	311	309	197	395	413	0	0	0
Acquisition Costs, Period Cost
53,243	52,881	50,898	49,850	160	248	390	-287	-178	1,661	22,131	24,254	26,432	24,521	4,084	2,657	235	299	419	1,044	1,191	1,130	872	7,087	7,271	7,484	7,777	0	0	-	0	-	-	-	-	-	-	-	-
Other Nonoperating Expense
1,495	1,109	1,200	996	416	556	1,190	1,520	1,712	1,796	6,271	6,021	5,937	5,888	993	990	1,179	1,181	2,745	3,056	3,592	3,729	2,287	2,878	2,732	3,693	6,392	6,572	6,407	5,632	9,494	9,015	9,104	9,286	3,199	5,428	0	0	0
Total costs and expenses
674,676	628,259	555,629	485,943	421,635	412,116	408,939	411,511	416,350	428,658	463,948	407,497	347,027	280,766	81,437	119,550	161,080	198,733	197,671	197,413	192,116	188,499	334,663	311,406	269,584	227,336	184,165	162,732	154,961	152,367	219,946	213,703	221,180	235,303	185,011	212,951	0	0	0
Income (loss) from continuing operations before unconsolidated joint ventures and gain on sale of investment properties
-	-	-	-	-	-	-	-	-	-	-506	-8,970	-21,059	-26,735	-20,173	-8,813	-745	5,636	12,589	3,799	-4,302	-10,938	187	-15,220	-15,382	-16,595	-22,536	-12,251	-14,505	-15,615	-112,386	-113,960	-113,984	-117,178	-27,299	-34,096	0	0	0
Benefit for income taxes from operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20	-46	-46	-36	-23	-26	33	65	91	151	-89	-95	-186	-192	2	0	0	0
Income (Loss) from Equity Method Investments
13,187	12,666	11,830	10,841	12,243	12,224	13,926	14,135	49,419	47,115	48,779	47,845	9,309	10,562	6,359	8,548	8,525	8,302	13,013	11,327	11,593	11,268	6,806	67,854	66,959	67,325	90,903	30,094	38,724	39,258	-11,550	-11,159	-18,609	-18,299	0	0	0	0	0
Income (Loss) from Unconsolidated Joint Ventures
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations before gain on sale of investment properties
-	-	-	-	-	-	-	-	-	-	48,273	38,875	-11,750	-16,173	-13,814	-265	7,780	13,938	25,602	15,125	7,299	350	7,039	52,680	51,613	50,753	68,393	17,810	24,154	23,552	-124,087	-125,030	-132,498	-135,291	-17,460	-24,717	0	0	0
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes
188,566	110,761	14,913	14,907	18,920	5,437	18,242	18,242	132,757	133,059	182,899	182,932	62,854	77,114	56,664	93,809	93,479	80,394	48,641	11,577	13,480	12,536	1,496	5,216	4,295	61,288	65,268	61,527	61,150	4,053	3,463	3,462	3,492	3,494	235	1,237	0	0	0
Gain on extinguishment of debt
-	-	0	93	-	8	8	344	2,173	2,258	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-94	-20	-94	-94	0	-9,309	0	0	0	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	60,941	42,850	93,544	101,259	94,332	74,243	26,702	20,779	12,886	8,535	57,896	55,908	112,041	133,661	79,337	85,304	27,605	-120,624	-121,568	-129,006	-131,797	-17,225	-23,480	0	0	0
Income from discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,223	47,492	39,963	31,848	18,944	19,286	19,858	20,764	2,383	3,292	3,413	3,299	6,111	9,578	12,434	1,907	-5,734	-7,839	-10,755	-189	4,515	3,201	0	0	0
Loss on sale from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-551	-565	12,428	12,442	19,358	22,311	17,664	17,736	11,489	18,753	17,851	18,439	18,407	14,286	9,663	8,989	8,519	9,009	0	0	0	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,297	18,379	31,714	32,300	40,122	24,694	20,956	21,149	14,788	24,864	27,429	30,873	20,314	8,552	1,824	-1,766	8,330	13,524	9,389	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
291,987	152,683	56,866	56,033	100,364	80,765	89,885	82,311	231,507	219,959	225,974	225,346	62,166	80,104	99,073	141,036	141,222	125,629	92,622	58,416	53,079	53,008	33,229	78,852	77,057	126,829	158,525	106,766	116,177	47,919	-112,072	-119,744	-130,772	-123,467	-3,701	-14,091	0	0	0
Net income attributable to noncontrolling interests
1,967	2,265	1,200	1,256	1,902	1,601	1,713	1,557	3,940	3,684	4,176	3,958	1,102	995	0	0	0	-	-	-	-	1,004	543	4,330	4,716	5,068	7,351	4,080	4,167	2,191	1,245	2,829	2,908	4,958	4,150	2,542	0	0	0
Net income available to common stockholders
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	52,004	32,686	74,522	72,341	121,761	151,174	102,686	112,010	45,728	-113,317	-122,573	-133,680	-128,425	-7,851	-16,633	0	0	0
Preferred share original issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,955	4,732	6,509	8,558	10,008	11,458	12,907	12,907	12,907	12,907	12,907	12,907	12,907	12,906	12,907	0	0	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,519	24,424	64,483	61,127	109,097	137,060	87,123	99,103	32,821	-126,224	-135,480	-146,587	-141,332	-20,757	-29,540	0	0	0
Per common share information basic:
Earnings Per Share, Basic
1.19	-	-	-	0.34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per common share information diluted:
Earnings Per Share, Diluted
1.18	-	-	-	0.34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per common share information — basic and diluted:
Income from continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	0.01	0.00	0.07	-	0.25	0.04	0.04	-	0.03	-0.01	-0.01	-0.08	0.30	-0.06	0.50	0.17	-0.03	0.02	-0.04	-1.26	-0.05	-0.05	-0.08	-0.15	-0.10
Income from discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	0.05	0.04	0.04	-	0.00	0.00	-0.01	-	0.06	0.00	0.04	0.02	0.06	0.01	0.01	0.13	0.12	0.04	-0.09	0.02	0.05	0.01	0.00	0.07	0.01
Net income per common share — basic and diluted (in usd per share)
-	-	0.14	-0.20	-	0.32	0.19	0.20	0.04	1.64	0.03	0.40	0.01	0.10	0.06	0.04	0.11	-	0.25	0.04	0.03	-	0.09	-0.01	0.03	-0.06	0.36	-0.05	0.51	0.30	0.09	0.06	-0.13	-1.23	0.00	-0.05	-0.08	-0.08	-0.09
Weighted Average Number of Shares Outstanding, Basic
147,424	147,425	146,762	112,926	105,127	-210,019	105,096	105,073	420,154	-826,573	419,998	419,402	402,781	384,377	210,170	210,129	210,904	213,849	216,261	216,630	216,568	216,846	209,839	198,440	191,739	190,814	163,426	118,661	104,119	104,110	104,193	104,165	104,000	-	103,715	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
148,561	149,223	148,530	114,670	106,901	-213,978	106,880	106,875	427,695	-842,370	427,300	427,180	411,186	392,430	210,326	210,362	210,974	214,022	216,374	216,766	216,754	217,337	210,111	198,440	191,952	191,164	163,603	118,661	104,252	104,132	104,203	104,165	104,000	-	103,715	-	-	-	-
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103,659	-	101,893	101
Dividends declared per common share (in usd per share)
-	-	-	-	-	-	-	-	-	0.96	0.06	0.06	0.12	0.00	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	-	0.04	0.04	0.04	-	0.04	0.04	0.04	-	0.04	0.04	0.04	0.09	0.09
Rental property revenues
Revenues
694,015	628,751	559,621	494,514	473,918	463,401	462,585	456,466	456,136	455,305	447,556	384,531	316,978	249,814	52,400	101,841	151,564	196,244	201,974	192,815	176,672	164,123	320,995	281,713	238,779	194,420	142,388	125,938	117,760	114,208	93,356	89,253	91,598	94,704	124,808	133,755	0	0	0
Fee income
Revenues
24,522	28,518	26,176	21,201	15,923	10,089	9,456	9,534	9,590	8,632	8,766	8,114	8,084	8,347	8,059	7,800	7,680	7,297	11,560	11,676	11,997	12,519	8,126	8,744	9,650	10,891	13,741	18,664	18,519	17,797	16,078	12,644	13,293	13,821	14,695	14,514	0	0	0
Other
Revenues
143	246	-45	420	902	1,722	-5,424	-4,899	-2,218	2,248	10,073	9,233	6,086	1,050	805	1,096	1,091	828	-3,274	-3,279	-855	919	5,729	5,729	5,773	5,430	7,716	7,363	5,126	4,841	9,690	10,051	10,360	9,600	1,767	1,491	0	0	0